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George Lau Acquires Multifamily Property From Barnett Capital In Chicago For $1.05M

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SOLD
$1,050,000

Illinois

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MultiFamily
Sold 12/05/2025
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Property Image
SOLD

George Lau Acquires Multifamily Property From Barnett Capital In Chicago For $1.05M

3340 South Carpenter Street

See Similar Deals
MultiFamily
Sold 12/05/2025
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily asset located at 3340 South Carpenter Street in the Chicago market. The sale price was recorded at $1,050,000 for a total of 7 units, resulting in a price per unit of $150,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 3340 South Carpenter Street
  • Market: Chicago
  • Units: 7
  • Price Per Unit: $150,000
  • Buyer: George Lau
  • Seller: Barnett Capital
  • Buyer's Representative: Ryan Grober - Sotheby's International Realty
  • Buyer's Representative: Marco Cesario - Jameson Commercial
  • Seller's Representative: Brian Ruff - Colliers

This deal highlights the collaboration between various representatives in the transaction. Ryan Grober and Marco Cesario acted on behalf of the buyer, George Lau, while Brian Ruff represented the seller, Barnett Capital.

Players

Marco Cesario
4 deals$19.8M volume(312) 315-7173
BROKER

Ryan Grober
Sotheby's International Realty
6 deals$5.2M volume
BROKER

Brian Ruff
Colliers
3 deals$4.4M volume(773) 720-2651
BROKER

Jameson Commercial
BROKERAGE

Colliers
BROKERAGE

Details

SOLD
IMAGE: Ryan Grober, Brian Ruff & Marco Cesario DATE: 12/05/2025 ADDRESS: 3340 South Carpenter Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: George Lau SELLER: Barnett Capital BUYER'S REP: Ryan Grober (@RyantGrober) - Sotheby's International Realty (@SothebysRealty); Marco Cesario (@Mrblue1980) - Jameson Commercial (@Jameson.Commercial) SELLER'S REP: Brian Ruff - Colliers SALE PRICE: $1,050,000 UNITS: 7 ~ PPU: $150,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43